PBAP vs PBFR
PGIM S&P 500 Buffer 20 ETF - April vs PGIM Laddered S&P 500 Buffer 20 ETF
Which is better, PBAP or PBFR?
Each has led over a different period.
PBAP led over 1Y, PBFR over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PBAP | PBFR |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $38M | $233M |
| Dividend Yield | 0.00% | 0.01% |
| Holdings | 16 | 28 |
| YTD Return | +9.59%Best | +7.53% |
| 1Y Return | +11.83%Best | +10.04% |
| Volatility (annualized) | 4.4% | 4.2%Best |
| Max Drawdown | -9.7% | -8.5%Best |
| $10,000 over 2.3 years | $12,355 | $12,490Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2024 | Jun 11, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 13, 2024 to Oct 14, 2026 (2.3 years).
PBAP vs PBFR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
PBAP vs PBFR Performance
PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) is an ETF from PGIM Investments. Over the past year PBAP returned +11.83% while PBFR returned +10.04%. Year to date, PBAP is up 9.59% versus a gain of 7.53% for PBFR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBAP has been the more volatile fund, with annualized monthly volatility of 4.4% compared with 4.2% for PBFR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.7% for PBAP and -8.5% for PBFR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBAP charges 0.50% per year while PBFR charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBAP currently yields 0.00% against 0.01% for PBFR.
You are not choosing between two funds in isolation.
Whichever of PBAP and PBFR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBAP or PBFR?
PBAP has an expense ratio of 0.50% while PBFR charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBAP or PBFR?
Over the past year PBAP returned +11.83% vs +10.04% for PBFR, so PBAP leads on 1-year performance. Over the longest common window we track (2 years), PBAP annualized +9.63% vs +10.15% for PBFR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBAP or PBFR?
PBAP has been the more volatile fund at 4.4% annualized versus 4.2% for PBFR. Worst drawdown: PBAP -9.7% vs PBFR -8.5%.
Should I hold both PBAP and PBFR?
PBAP and PBFR have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PBAP or PBFR?
PBAP yields 0.00% while PBFR yields 0.01%, so PBFR currently pays the higher dividend yield.
Is PBFR better than PBAP?
PBAP led over 1Y, PBFR over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.